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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
OCTOBER 22, 2007
GREYSTONE LOGISTICS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
OKLAHOMA 000-26331 75-2954680
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
`
1613 E. 15TH, TULSA, OKLAHOMA 74120
(Address of principal executive offices) (Zip Code)
(918) 583-7441
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 22, 2007, the registrant issued a press release announcing
unaudited results for the quarter ended August 31, 2007. A copy of such press
release is furnished as Exhibit 99.1 hereto.
The information being furnished hereunder discloses EBITDA (earnings before
interest (including preferred dividends), income taxes, depreciation and
amortization), a non-GAAP financial measure within the meaning of Regulation G
promulgated by the Securities and Exchange Commission. The registrant believes
that EBITDA is a useful measure of evaluating its financial performance because
of its focus on the registrant's results from operations before interest, income
taxes, depreciation and amortization. EBITDA is utilized for internal analysis
of the registrant. EBITDA is not a measure of financial performance under
generally accepted accounting principles ("GAAP") and should not be considered
in isolation or as an alternative to other financial measures determined under
GAAP. However, EBITDA is commonly used by investors, financial analysts and
rating agencies as an alternative measure of evaluating, comparing and rating
operating performance. EBITDA presented by the registrant may not be comparable
to similarly titled measures reported by other companies.
The information in this Form 8-K, including the exhibit attached hereto, is
being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor
shall it be incorporated by reference into any registration statement filed by
the registrant under the Securities Act of 1933, as amended, unless specifically
identified therein as being incorporated therein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
99.1 Press Release dated October 22, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREYSTONE LOGISTICS, INC.
Date: October 22, 2007 By: /s/ Warren F. Kruger
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Warren F. Kruger
President and Chief Executive Officer